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3. Prepare T-accounts for the investment assets, and show how to report the investments on Mail 4 You's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? 2018 Jul. 2 Aug, 21 Sep. 16 Oct 1 Purchased 2,800 shares of Luma, Inc. common stock at $13.00 per share. Mail 4 You plans to sell the stock within three months, when the company will need the cash for normal operations. Mail 4 You does not have significant influence over Luma. Received a cash dividend of $0.30 per share on the Luma stock investment Sold the Luma stock for $14.20 per share. Purchased a Volton bond for $24,000 at face value. Mail 4 You classifies the investment as trading and short-term. Received a $280 interest payment from Volton. Adjusted the Volton bond to its market value of $27,000. Dec. 31 31 Equity Investments Jul. 2 Dec. 31 Bal. Fair Value Adjustment-Trading Dec. 31 Bal Requirement 3. Prepare T-accounts for the investment assets and show how to report the investments on Mail 4 You's balance sheet at December 31, 2018. Begin by preparing T-accounts for the investment assets that are remaining at December 31, 2018. (Select the investment account first, then the fair value adjustment account. If no fair value account is needed, leave that T-account heading and the remaining cells blank.) 3. Prepare T-accounts for the investment assets, and show how to report the investments on Mail 4 You's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? 2018 Jul. 2 Aug, 21 Sep. 16 Oct 1 Purchased 2,800 shares of Luma, Inc. common stock at $13.00 per share. Mail 4 You plans to sell the stock within three months, when the company will need the cash for normal operations. Mail 4 You does not have significant influence over Luma. Received a cash dividend of $0.30 per share on the Luma stock investment Sold the Luma stock for $14.20 per share. Purchased a Volton bond for $24,000 at face value. Mail 4 You classifies the investment as trading and short-term. Received a $280 interest payment from Volton. Adjusted the Volton bond to its market value of $27,000. Dec. 31 31 Equity Investments Jul. 2 Dec. 31 Bal. Fair Value Adjustment-Trading Dec. 31 Bal Requirement 3. Prepare T-accounts for the investment assets and show how to report the investments on Mail 4 You's balance sheet at December 31, 2018. Begin by preparing T-accounts for the investment assets that are remaining at December 31, 2018. (Select the investment account first, then the fair value adjustment account. If no fair value account is needed, leave that T-account heading and the remaining cells blank.)

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